Civic Intelligence

Beta Tau Chapter of Sigma Nu Fraternity House Corporation Inc

990 • Fiscal year 2017 • EIN 61-1620638

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 17, 2017

Refreshing map…

1021 Goodworth DriveApex, NC 27539

(919) 290-2901

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.73x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

5.30x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

9th percentile

-17%

Higher net margin than 9% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

22nd percentile

-3.2%

Faster asset growth than 22% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

27th percentile

-2.7%

Faster revenue growth than 27% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,147,496

Down $136,883 (-3.2%) from 2016

Net Assets

Down

$1,100,012

Down $97,214 (-8.1%) from 2016

Liabilities

Down

$3,047,484

Down $39,669 (-1.3%) from 2016

Revenue

Down

$575,330

Down $16,171 (-2.7%) from 2016

Expenses

Up

$672,544

Up $17,645 (+2.7%) from 2016

Net Income

Down

-$97,214

Down $33,816 (-53%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $4,654,261Liabilities 2014: $3,299,818Net Assets 2014: $1,354,4432014Assets 2015: $4,432,886Liabilities 2015: $3,172,262Net Assets 2015: $1,260,6242015Assets 2016: $4,284,379Liabilities 2016: $3,087,153Net Assets 2016: $1,197,2262016Assets 2017: $4,147,496Liabilities 2017: $3,047,484Net Assets 2017: $1,100,0122017Assets 2018: $3,999,838Liabilities 2018: $2,943,590Net Assets 2018: $1,056,2482018Assets 2019: $3,905,845Liabilities 2019: $2,824,171Net Assets 2019: $1,081,6742019Assets 2020: $3,804,555Liabilities 2020: $2,690,132Net Assets 2020: $1,114,4232020Assets 2021: $3,719,962Liabilities 2021: $2,707,704Net Assets 2021: $1,012,2582021Assets 2022: $3,636,619Liabilities 2022: $2,588,250Net Assets 2022: $1,048,3692022Assets 2023: $3,512,659Liabilities 2023: $2,479,172Net Assets 2023: $1,033,4872023Assets 2024: $3,313,283Liabilities 2024: $2,356,802Net Assets 2024: $956,4812024Assets 2025: $3,129,890Liabilities 2025: $2,228,051Net Assets 2025: $901,8392025

Highlighted filing

2017

Assets$4,147,496
Liabilities$3,047,484
Net Assets$1,100,012

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $370,585Expenses 2014: $327,284Net Income 2014: $43,3012014Revenue 2015: $587,103Expenses 2015: $680,922Net Income 2015: -$93,8192015Revenue 2016: $591,501Expenses 2016: $654,899Net Income 2016: -$63,3982016Revenue 2017: $575,330Expenses 2017: $672,544Net Income 2017: -$97,2142017Revenue 2018: $657,846Expenses 2018: $701,610Net Income 2018: -$43,7642018Revenue 2019: $724,913Expenses 2019: $699,487Net Income 2019: $25,4262019Revenue 2020: $689,467Expenses 2020: $656,719Net Income 2020: $32,7482020Revenue 2021: $557,970Expenses 2021: $660,135Net Income 2021: -$102,1652021Revenue 2022: $792,716Expenses 2022: $756,605Net Income 2022: $36,1112022Revenue 2023: $759,577Expenses 2023: $774,459Net Income 2023: -$14,8822023Revenue 2024: $715,184Expenses 2024: $793,136Net Income 2024: -$77,9522024Revenue 2025: $766,472Expenses 2025: $821,114Net Income 2025: -$54,6422025

Highlighted filing

2017

Revenue$575,330
Expenses$672,544
Net Income-$97,214
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 17, 2017
Return Version
2016v3.1
Gross Receipts
$575,330
Mission and Program Overview

Mission

To provide housing and meal service to the collegiate members of the beta tau chapter of sigma nu fraternity at north carolina state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,140,454$3,968,735▼ $171,719
Cash and Non-Interest-Bearing Accounts$139,445$166,334▲ $26,889
Accounts Receivable$4,480$12,427▲ $7,947
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,284,379$4,147,496▼ $136,883
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,975,452$2,922,890▼ $52,562
Unsecured Notes Loans Payable$98,704$98,704→ $0
Accounts Payable and Accrued Expenses$12,997$25,890▲ $12,893
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,087,153$3,047,484▼ $39,669
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,197,226$1,100,012▼ $97,214
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,197,226$1,100,012▼ $97,214
Total Liabilities and Net Assets / Fund Balance$4,284,379$4,147,496▼ $136,883

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,618,348$518,783$4,137,131
Other Land Buildings$341,789$125,758$467,547
Equipment$5,265$22,978$28,243
Leasehold Improvements$3,333$168$3,501
Compensation and Service Providers

Board Members and Trustees

NameTitle
Howard C PickettPresident & Chairman
Braxton W SmithDirector
Edmund J Gontram IiiDirector
Reese B Walter JrDirector
Rick E TateTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Campus CooksFood Service1301 S WOLF RD SUITE 401, Prospect Heights, IL 60070$204,483
Revenue and Support

Revenue Composition

Contributions and Grants
$16,158
Program Service Revenue
$559,046
Investment Income
$126
Other Revenue
$0
All Other Contributions
$16,158
Change in Net Assets
$-97,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$672,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$179,231--$179,231
Depreciation Depletion$171,719--$171,719
Other Expenses$45,307--$45,307
Insurance$7,950--$7,950
Fees for Services Accounting-$2,995-$2,995
All Other Expenses$2,887--$2,887
Office Expenses-$62-$62
Total Functional Expenses$669,487$3,057$0$672,544
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION B, LINE 11B

Form 990 will be distributed to the board of directors and officers for review and approval. A meeting will be held and a formal vote tallied prior to the signing and filing of the form.

PART VI, SECTION B, LINE 12C

Conflict of interest: any director or other person having a duality of interest or possible conflict of interest on any matter shall not vote or use his personal influence directly or indirectly concerning the board or any committee of the board although he may be counted in determining the quorum for the board meeting. Good faith: directors (and other persons working with the directors) shall exercise the utmost good faith in all transactions touching upon their duties to the corporation and its property. In their dealings with and on behalf of the corporation, they are held to a strict rule of honest and fair dealing between themselves and the corporation. They shall not use their positions as directors (or otherwise), or knowledge gained therefrom, to their personal benefit and to the detriment of the corporation. Compliance: the president shall advise each new director (and others) of the conflict of interest policy promptly after the new director assumes the duties of his office. Any director refusing or failing to comply with the provisions of this policy shall be notified by the secretary that he has seven (7) days within which to comply, after which he shall be automatically suspended from the board and all committees thereof and shall not be allowed to attend or vote at board meetings until he shall comply.

Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public during the year upon request.

Filing and Contact Details

Filer

Filer Name
Beta Tau Chapter of Sigma Nu Fraternity
EIN
61-1620638
In Care Of
% HOWARD C PICKETT
Phone
9192902901
Address
1021 GOODWORTH DRIVE, APEX, NC 27539

Signing Officer

Name
Howard C Pickett
Title
President
Phone
9192902901
Signed
2017-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Howard C Pickett
Formed
2008
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Lee CPA Pllc
Address
1033 WADE AVENUE SUITE 200, RALEIGH, NC 27605
Preparer
Allen D Lee CPA
Phone
9198281331
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01100012
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING & MEAL SERVICE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0559046
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IRS990/PYContributionsGrantsAmt027266
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0-63398
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt03618348
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0518783
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04137131
IRS990ScheduleD/EquipmentGrp/BookValueAmt05265
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022978
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028243
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03333
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0168
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03501
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0341789
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0125758
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WILL BE DISTRIBUTED TO THE BOARD OF DIRECTORS AND OFFICERS FOR REVIEW AND APPROVAL. A MEETING WILL BE HELD AND A FORMAL VOTE TALLIED PRIOR TO THE SIGNING AND FILING OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST: ANY DIRECTOR OR OTHER PERSON HAVING A DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHALL NOT VOTE OR USE HIS PERSONAL INFLUENCE DIRECTLY OR INDIRECTLY CONCERNING THE BOARD OR ANY COMMITTEE OF THE BOARD ALTHOUGH HE MAY BE COUNTED IN DETERMINING THE QUORUM FOR THE BOARD MEETING. GOOD FAITH: DIRECTORS (AND OTHER PERSONS WORKING WITH THE DIRECTORS) SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO THE CORPORATION AND ITS PROPERTY. IN THEIR DEALINGS WITH AND ON BEHALF OF THE CORPORATION, THEY ARE HELD TO A STRICT RULE OF HONEST AND FAIR DEALING BETWEEN THEMSELVES AND THE CORPORATION. THEY SHALL NOT USE THEIR POSITIONS AS DIRECTORS (OR OTHERWISE), OR KNOWLEDGE GAINED THEREFROM, TO THEIR PERSONAL BENEFIT AND TO THE DETRIMENT OF THE CORPORATION. COMPLIANCE: THE PRESIDENT SHALL ADVISE EACH NEW DIRECTOR (AND OTHERS) OF THE CONFLICT OF INTEREST POLICY PROMPTLY AFTER THE NEW DIRECTOR ASSUMES THE DUTIES OF HIS OFFICE. ANY DIRECTOR REFUSING OR FAILING TO COMPLY WITH THE PROVISIONS OF THIS POLICY SHALL BE NOTIFIED BY THE SECRETARY THAT HE HAS SEVEN (7) DAYS WITHIN WHICH TO COMPLY, AFTER WHICH HE SHALL BE AUTOMATICALLY SUSPENDED FROM THE BOARD AND ALL COMMITTEES THEREOF AND SHALL NOT BE ALLOWED TO ATTEND OR VOTE AT BOARD MEETINGS UNTIL HE SHALL COMPLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE YEAR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION B, LINE 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION C, LINE 19
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016158
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0672544
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt03047484
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IRS990/TotalLiabilitiesGrp/EOYAmt03047484
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IRS990/TotalProgramServiceRevenueAmt0559046
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0575330
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt098704
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01021 GOODWORTH DRIVE
IRS990/USAddress/CityNm0APEX
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027539
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HOWARD C PICKETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09192902901
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETA TAU CHAPTER OF SIGMA NU FRATERNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HOUSE CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BETA
ReturnHeader/Filer/EIN0611620638
ReturnHeader/Filer/InCareOfNm0% HOWARD C PICKETT
ReturnHeader/Filer/PhoneNum09192902901
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ReturnHeader/Filer/USAddress/CityNm0APEX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027539
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId009B80C97F4A5449DE2BE35951E0DDC126ADE5411
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId042E1E8CEC437838E6893FDFFE4CFBB3F47F2CAE2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId069448420172305000000
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-08-18
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.182.81.190
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEE CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01033 WADE AVENUE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH

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